Semi-Equips - Buy when BLOOD is running in the streets! Message Board

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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!

LRCX 160.55

-4.9%

3:59 PM EST

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To: Robert Schling who wrote (4103)	12/24/1997 4:50:00 PM
From: Trader X	Read Replies (1) of 10921

Looking ahead for a "bottom"--AMAT as a proxy. I decided to use the AMAT chart as a proxy for the semi equip group, since it's the largest of them, and stands to do well when a psychological bottom is put in finally, based on their firm fundamentals. the url of four year chart: cris.com it appears that the recent lows have hit the bottom of a trend channel, but the yellow channels that the stock price is in now suggests the price could fall to the low 20s, near 22, where the bottom yellow channel intersects the black price support level. I hold more regard for price areas where different lines of trend and suport intersect, and the timeline appears to bring that point into focus in the coming 2-4 months. That would lend credence to the idea that the upcoming earnings season in January/February could bring on the final onslaught of selling that would form a bottom. -Kevin

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